Year in review

Annual Report 2019

Strong results and continued high investments. The global megatrends create opportunities for Danfoss through increased demand for solutions within energy efficiency, electrification, sector coupling and green energy.

Watch the video with Danfoss President & CEO Kim Fausing.

Strong earnings and increased investments in the future.

Danfoss delivered strong results and continued the high level of investment in the core businesses to remain at the forefront and be the most attractive technology partner for our customers.

In 2019, Danfoss increased the sales by 3% to EUR 6.3 billion and delivered strong operating profits (EBITA), that grew 6% to EUR 771 million with an EBITA margin of 12.3% - a record high operating profit level from a historical perspective. Cash flow from operating activities increased 17% to a very strong EUR 789 million.

At the same time, Danfoss acquired four companies that will contribute to strengthening the core businesses, digital offerings and solutions for electrification. Most recently, Danfoss entered into an agreement to acquire Eaton’s hydraulics business to become a global leader within mobile and industrial hydraulics, which is one of Danfoss’ core businesses.

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Key highlights:

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Supplementary reports 2019:

“Sustainability is important for our people, our planet and our financial performance. In Danfoss, we play a significant role in promoting energy efficiency and enabling electrification in the transition towards a world with lower carbon emissions. Our products and solutions help the world to grow in a sustainable way, and we take our own medicine optimizing our own production and services. It is not just good business – its common sense,” says Kim Fausing, President and CEO.